abhishreshthaa
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SWOT ANALYSIS ON Syntel, Inc : Syntel, Inc. (NASDAQ: SYNT) is a global provider of Information Technology (IT) and Knowledge Process Outsourcing (KPO) solutions, with global development centers in India, and US.
Syntel was founded in Troy, Michigan in 1980 by Indian Bharat Desai, a graduate of University of Michigan’s Stephen M. Ross School of Business and Neerja Sethi with an initial investment of $2,000. Originally named “Systems International,” the company began providing software staffing services to local corporations, earning $30,000 in its first year.
On February 1, 2010, Syntel announced the promotion of Prashant Ranade to the position of CEO. Founder and former CEO Bharat Desai will continue to serve as Chairman of the Board, and is the majority shareholder.
As of June 30, 2010, Syntel has over 14,900 employees and annual revenues in excess of $419 million.
Strengths
* inLab Saves Time
* Effective Training
* Readily Available, Competent Assistance
Weaknesses
* Charges A Nominal Fee For Activation Keys To Software
* Steep Learning Curve
* Large Financial Commitment
* Not Suitable For Small, Low-Volume Labs
Opportunities
* Product and services expansion
Threats
* Competition
* Product substitution
Syntel was founded in Troy, Michigan in 1980 by Indian Bharat Desai, a graduate of University of Michigan’s Stephen M. Ross School of Business and Neerja Sethi with an initial investment of $2,000. Originally named “Systems International,” the company began providing software staffing services to local corporations, earning $30,000 in its first year.
On February 1, 2010, Syntel announced the promotion of Prashant Ranade to the position of CEO. Founder and former CEO Bharat Desai will continue to serve as Chairman of the Board, and is the majority shareholder.
As of June 30, 2010, Syntel has over 14,900 employees and annual revenues in excess of $419 million.
Strengths
* inLab Saves Time
* Effective Training
* Readily Available, Competent Assistance
Weaknesses
* Charges A Nominal Fee For Activation Keys To Software
* Steep Learning Curve
* Large Financial Commitment
* Not Suitable For Small, Low-Volume Labs
Opportunities
* Product and services expansion
Threats
* Competition
* Product substitution
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